The Federal Executive Council (FEC) on Wednesday approved the upward review of contract for the completion of the Odogunyan transmission substation in Ikorodu, Lagos.
The contract, which was awarded in 2009 and abandoned due to paucity of funds, was reviewed by N274.3 million to N3.5 billion on Wednesday.
The Minister of Power, Works and Housing, Babatunde Fashola briefed State House correspondents at the end of FEC meeting presided over by Acting President Yemi Osinbajo.
Fashola was with the Minister of Information, Lai Mohammed, at the briefing.
He said: “You will recall that in previous briefings we told you that the strategy was increasing power in a short while and that is what we are addressing.
“Expanding the transmission and improving generation. This approval was to help us complete the Odogunyan transmission substation in Ikorodu, Lagos and to provide additional transformer capacity at the substation 260 MVA transformers and transmission lines of 132KVA.
“This will complete the works in that area generally known within the power industry as Ayobo West.
“You will recall that we visited the substation at our last meeting, this is an extension of that. The contract had been awarded before now but not completed because it wasn’t paid for.
“It was awarded in 2009 and should have been completed in 18 months which would have been sometimes in May 2011. But due to paucity of funds which you know the story, nothing happened.”